LTC Properties reported a severe downturn in Q3 2025, swinging to a Net Loss of $(20.1) Million (versus \(29.2M income in Q3 2024) and a sharp drop in year-to-date net income to \)20.2M (from \(75.3M in 2024). The quarterly loss was overwhelmingly driven by a **\)41.5 Million write-off of accrued effective interest receivable** following a mortgage loan modification with Prestige Healthcare, LTC’s largest operator.
The company is actively repositioning its portfolio, formalizing the Seniors Housing Operating Portfolio (SHOP) segment in Q2 2025 via RIDEA structures. This segment grew to 21
...